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Wontaby Ltd. is extending its credit terms from 30 to 45 days. Sales are expected to increase from $4.7 million to $58 million as o

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Wontaby Ltd. is extending its credit terms from 30 to 45 days. Sales are expected to increase from $4.7 million to $58 million as o result Wontaby finances short-term assets at the bank at a cost of 10 percent annually Calculate the additional annual financing cost of this change in credit terms (Use 365 days in a year. Do not round Intermediate calculations. Round the final answer to the nearest whole dollar. Enter answer in whole dollar not in million) Annual financing cost

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